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Old 08-06-2007, 11:10 PM   #1 (permalink)
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low budget business ideas

Hi,
I was just wondering if anyone could please help me come up with some low budget business ideas. I've got about $2000- $3000 to invest if need be but I was hoping to do something for as cheap as possible. I'm 23 and sick of working crappy jobs.
One good idea I've got is a hot dog cart. I've heard those guys can make $40k-60k a year in only 6 months in the summer but I live in Winnipeg, MB, Canada and summer's almost over here so I think I'll have to wait til next year.
Another idea I'm a little uncertain about is vending machines but I'm not sure I'll make enough. I think $2000 can get me about 20 quarter machines that could make me between $500 to $1000 a month with about 10-20 hours work.
Anyway if anyone has any business ideas it would be greatly appreciated.
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Old 08-06-2007, 11:14 PM   #2 (permalink)
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my friend recently bought a hot dog stand and sets it up outside of the bars on the weekends. He paid $4,000 and in 4 weekends made back his weekend, drunks and food make for big profits.
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Old 08-06-2007, 11:26 PM   #3 (permalink)
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wow that's awesome. Maybe I could make this a year round thing. Thanks man. Where do you live?
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Old 08-06-2007, 11:39 PM   #4 (permalink)
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That's not a bad idea!

Hot dog stands can make good money, just make sure that you are aware of all of the rules and regulations when it comes to selling food in your city. There are often a myriad of rules and certifications that you have to have to sell concessions as an independent business. You can always just 'ignore' a few of them to make a buck, but I recommend following them to a "T" if you plan on making this a full-time occupation.
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Old 08-06-2007, 11:42 PM   #5 (permalink)
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Well if your into physical labor....open a garage and attic cleaning business...you can even expand it to organizing their attics and stuff like that...my friend did this and its grown tremendously in our area id say hes making around 15000 a month and he has people working for him now so hes not doing much...
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Old 08-06-2007, 11:48 PM   #6 (permalink)
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yeah that's a good idea too. I thought about that before too. Junk removal. I guess all you really need is a truck and a buddy.
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Old 08-07-2007, 12:13 AM   #7 (permalink)
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any other ideas? i'm totally down for the hot dog stand.
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Old 08-07-2007, 12:24 AM   #8 (permalink)
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I just gave my friend a call and we had a nice talk about it...he says hes netting about 12000 a month..and he started the business two years with 500 dollars...he had an old beat down pickup and he bought a pair of gloves and a dolly for 50 dollars and spent the other 450 on advertising
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Old 08-07-2007, 12:27 AM   #9 (permalink)
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I don't know how involved you'd like to become with a business, but depending on your location and dedication:

I bet you could start a college based business, that requires a upfront payment, per semester. Like a college laundry business, or a 24/7 snack delivery service? It's not original, but it's been proven successful with little investment needed.

If you get the students [to get their parents to pay] upfront, then you'll have some money to play with, and you'll know how much you'll be getting pretty much off the line.

Just food for thought. I'm still working on finding the right idea with a small investment required!

Amit.Shah
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Old 08-07-2007, 12:34 AM   #10 (permalink)
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Quote:
Originally Posted by smokeyjoe4848 View Post
I just gave my friend a call and we had a nice talk about it...he says hes netting about 12000 a month..and he started the business two years with 500 dollars...he had an old beat down pickup and he bought a pair of gloves and a dolly for 50 dollars and spent the other 450 on advertising
thank you. that's a great idea. i was also thinking along the lines of snow removal and landscaping.
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Old 08-07-2007, 12:38 AM   #11 (permalink)
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Quote:
Originally Posted by Amit.Shah View Post
I don't know how involved you'd like to become with a business, but depending on your location and dedication:

I bet you could start a college based business, that requires a upfront payment, per semester. Like a college laundry business, or a 24/7 snack delivery service? It's not original, but it's been proven successful with little investment needed.

If you get the students [to get their parents to pay] upfront, then you'll have some money to play with, and you'll know how much you'll be getting pretty much off the line.

Just food for thought. I'm still working on finding the right idea with a small investment required!

Amit.Shah
I'm sorry Amit. I'm not sure what exactly you mean. I used to live in Banff, AB and there's a business there that delivers pretty much anything like food and stuff so that's not a bad idea but I don't know how's i'd do that in winnipeg. thanks for the advice though. it's definately a possibility.
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